Viewing profile — rstocker99

That drive through customer… oh my. I have new found empathy for drive through operators.

If only handloom operators hadn’t been replaced by steam looms we’d all be in a better place.

Postgres RDS has version 0.5 of the pgvector extension installed by default. Adding vector support to our app was as easy as enabling the extension and created a table with vector …

Likewise! Hope you are well too.

One of my friends does a productized (fixed price) roadmapping session (1) as part of a larger "build your MPV" service. My understanding is that it works out really well for him a…

Unfortunately, I don't think you're going to find a good way to ballpark their financials without them supplying them. It's common in the cold email to say something like, "Our swe…

There are lot of similar type formulas. For larger deals you'd have some form of vender (seller) financing which is what the above really is. It's a type of loan from the seller. F…

For sure. As a seller I think services like FE make a lot of sense. They have relationships with a lot of potential buyers to put your business in front of. Unless you're well conn…

Are you asking about valuations? FE has a post on how valuations work. It's pretty simple. Basically a multiple of how much cash you can take out of the business. If that number is…

From the seller's perspective you've got to have a buyer and buyers at this price point buy on a multiple of SDE vs. development cost. If dev cost is greater than what buyers will …

Having your financing together is going to give you a leg up in a competitive deal for sure. Of course not all deals are competitive so it might not matter. In some cases your bank…

See my comment above on the alternative approach. The short answer is to approach the problem the other way. Build a list of businesses you'd buy and start emailing.

kareemm has already answered the questions about financing but I actually think your second question about "where to find these deals" is really the more interesting and important …

See my comment up the thread. It seems like that might be changing at least in Canada. I've heard similar things about SBA loans in the US though so perhaps similar changes are afo…

(I'm one of the purchasers of Codetree) I had also thought that banks wouldn't be interested in lending in cases like this but surprisingly enough when we talked with our bank afte…

Actually this is why I'll likely use GDrive and it's one of the few things that leads to frustation for me with Dropbox. I use Dropbox for two reasons: backup and sharing. Almost e…